Question 3 Sandhill Ltd. purchased equipment on January 1. 2015 at a cost of $195,860. The equipment has an estimated useful life of 10 years and a residual value of $10,550. Sandhill realized that there was a declining demand for the product being produced by the equipment.Given this indicator of possible impairment, management determined that the recoverable amount of the asset on December 31,2018 was $104,860. The company uses the straight-line method of depreciation. Calculate the annual depreciation and the carrying amount at December 31,2018 Annual depreciation $ Carrying amount $